Brazil Says It Will Meet But Not Exceed Its 4.25% Primary Surplus Goal

Brazil’s Minister of Planning, Paulo Bernardo, said that the government will meet the primary surplus goal set for this year at 4.25% of the Gross Domestic Product (GDP).

The budget programming decree signed Tuesday, May 16, expands the federal government’s participation in the primary surplus to 3.35% of the GDP. The previous target for the federal government, as determined in the Budget Guidelines Law, was 3.15%.

Bernardo affirmed once again that, unlike what has occurred in previous years, this year the government intends to comply strictly with the primary surplus target and not greatly exceed it.

Meanwhile, the Brazilian internal federal securities public debt (bonds emitted by the government) registered a drop in US$ 8.55 billion in the month of April, in comparison to the previous month.

This was a reduction of 1.8%, caused by the call on public securities, which added up to US$ 12.48 billion last month. The information is on the monthly report on the debt and open market, released by the Ministry of Finance.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Can Free Markets Fix It All? These Times Are Over. Says Brazil President

Talking in Spain, Brazilian President, Luiz Inácio Lula da Silva, noted that the days ...

Brazil in the Opec, Just an Electoral Trick

Whoever imagines Brazilian President Lula following his own advice, in other words, waiting to ...

For Six Days in September Brazil Will Become Center of Coffee World

The United States, China, France, England, Japan, Italy, Germany and Israel are some of ...

Brazil Urges Prompt Compensation and Return of Brazilian Killed by British Police

The Brazilian Bar Association released a note condemning the assassination of the Brazilian citizen, ...

In Nigeria, Lula Calls Africa a Brazilian Priority

President Luiz Inácio Lula da Silva of Brazil participated yesterday, November 30, in the ...

Brazilian Bank Lends US$ 19 Million to Transport Grain

The Brazilian Development Bank (BNDES) announced a loan of US$ 18.7 million for the ...

Flying Black America to Bahia, Brazil

Avocet Travel announced its new vacation packages, including non-stop charter air service from New ...

Brazil Joins Colombia to Fight Drugs

Brazil’s President Luiz Inácio Lula da Silva said that he considers yesterday summit in ...

New and Improved Voice of Brazil

AB by: AB  After nearly seven decades on the air, the Voice of Brazil ...

Tunisia Whets Brazilian Entrepreneurs’ Appetite

The promotion of Brazil-Tunisia relations will proceed today in the city of São Paulo, ...